Chemtura sells Consumer Products Business to KIK for $ 315 million
Announces plans to explore sale of agrochemicals business
BS B2B Bureau B2B Connect | Philadelphia, USA

The agreement to sell the Consumer Products business, combined with the decision to explore a sale of Chemtura AgroSolutions, is aimed at delivering substantial near-term value to shareholders while further focusing the company on opportunities to create additional value as a pure-play leader in the global development, marketing, manufacture and sale of industrial specialty chemicals.
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He added, “Following the sales of our Consumer Products and Antioxidants businesses, a sale of Chemtura AgroSolutions would transform Chemtura into a more focused, pure-play industrial specialty chemicals company with leading global positions that we believe can capitalise on attractive end-market growth trends, and continue delivering superior value to our shareholders and opportunities for our employees for many years to come.”
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Following a sale of Consumer Products and potential sale of the company’s agrochemicals business, Chemtura’s core platform will be focused and organised around two attractive segments: Industrial Performance Products or IPP (petroleum additives and urethanes products) and Industrial Engineered Products or IEP (flame retardants and brominated products, and organometallics). These segments have leading global industry positions in a number of markets.
Rogerson added, “Chemtura is well-positioned to extend IPP and IEP in the faster growing regions and in high opportunity applications across markets that offer strong secular growth. For example, in the fourth quarter, we will formally open our new multipurpose plant in Nantong, China, and we are committed to continuing to invest in these kinds of platforms for higher margin products going forward.”
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First Published: Oct 11 2013 | 11:15 AM IST